Latinos Drive Real Estate Comeback

By Victor Landa, NewsTaco

According to a Hispanic Business article, Latino home buyers are being caught between a dream and a real estate bubble – and that’s making it hard for the economy overall.

Here’s how it plays out: Latinos are poised to lead the country out of its real estate mire, and Latinos have a higher than average regard for home ownership. But, home prices are rising and housing inventory is shrinking. And the houses that are available for purchase are being picked up by investors who pay lower prices, cash, then turn those homes into rental properties.

The banks make quick money, clear bad assets from their books and go on their merry way.

It’s an uphill struggle for Latino home buyers who could very well lead the country through the recovery. The article has plenty of useful statistics and goes into detail about a  potential second housing bubble.

Click on the picture to read the full story.